EU looks to break from Russian energy

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 14 April 2022

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The European Union is trying to end its dependence on Russian oil — but that may be costly and complicated. This Thursday, we talk about how Western countries are pressing Russia to terminate its war in Ukraine while minding their own energy supplies. Plus, China is watching. And earlier this week, we mused that Twitter-famous billionaire Elon Musk could probably just buy the company if he wanted to. He revealed today that he made an offer. Does Musk listen to “Make Me Smart”? Finally, we share signs of spring that made us smile.

Here’s everything we talked about today:

Europe starts drafting ban on Russian oil imports from The New York Times
“Germany faces $240 billion hit if Russian gas is cut off” from CNN
“German Gas Reserves Can Last Until Late Summer, Says Regulator” from VOA News
“Musk Hints at Twitter Plan B, Lambastes SEC Over Settlement” from Bloomberg

Join us Friday for Economics on Tap. We’ll be livestreaming on YouTube starting at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.

Transcript

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0:00.0	Sorry, I'm in a snorting mood, I guess.
0:04.0	I just was so like the look that I gave this kid.
0:09.0	There it is.
0:11.0	Hi, I'm Mary L. Sagarra and welcome back to Make Me Smart,
0:16.0	where we make today make sense.
0:18.0	Thanks for joining us and so great if you were surprised by that.
0:21.0	Yes, they do roll the music right in the middle of when you're talking sometimes.
0:25.0	Okay.
0:27.0	Oh, we're so good.
0:30.0	I'm super bennishore, hosting Make Me Smart for the first time I did not know that music was going to come up.
0:35.0	I'm in for Kyra's doll who's quarantining apparently.
0:38.0	Sorry, Ky, but thanks for having me.
0:41.0	It's Thursday.
0:42.0	We will talk about the news and then we'll end on some Make Me Smiles and Sinha on your way.
0:50.0	So I guess we start with the news, right?
0:52.0	Is that what we do?
0:53.0	Yeah, let's do it.
0:54.0	I'll go first.
0:55.0	So this story seems super important and I want to talk about it, but I also feel like I need to give a caveat that it is not my area of expertise.
1:05.0	So I just badgered Andy Euler with questions about it in the minutes before this show rolled.
1:11.0	Yeah, he was on the elliptical at the gym and trying to work out while I was like, what is liquid natural gas?
1:19.0	This is a story about energy and specifically the EU is considering a ban on Russian imports of oil, which when I saw that, I mean, we've been talking about how much the EU relies on on Russia for energy, oil in particular and also natural gas and coal.
	...

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